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Latest IMF Forecasts: No Longer Waiting for Godot?

Tuesday, 21 January 2014
After some improvement in the global economy in 2013, today’s release from the International Monetary Fund (IMF) suggests that more progress will be made in the year to come. The recovery in advanced economies is gaining traction, but with the accumulation of government debt and slow balance sheet adjustments, the IMF indicates that it is not yet time to tighten monetary policy. Emerging economies are expected to maintain their strength as many of them return to potential output from their cyclical peaks.

New Year's Resolution?

Monday, 20 January 2014
The start of a new year is a time of resolve. This certainly appears to be the case with respect to European Union President Barrasso, who last week boldly--some might say rashly--predicted that 2014 would be the year of European renaissance. I hope he is right; I fear he may be disappointed.

CIGI appoints former member of International Monetary Fund’s executive board as Senior Fellow

Monday, 20 January 2014
CIGI is pleased to announce the appointment of Miranda Xafa as a CIGI Senior Fellow, effective immediately. At CIGI, Ms. Xafa’s research will focus on sovereign debt crises and drawing lessons from the Greek debt restructuring.

Chi ha comprato i titoli di debito poi deve pagarlo

Thursday, 16 January 2014
Marco Valerio Lo Prete
An article in Italy's Il Foglio cites CIGI Senior Fellow Richard Gitlin's presentation, on his (with CIGI Fellow Brett House) proposal for a Sovereign Debt Forum, to the executive board of the International Monetary Fund.

CIGI experts present research on sovereign debt crises to International Monetary Fund’s executive board

Thursday, 16 January 2014
Experts from CIGI's Global Economy program today presented their latest research, on addressing sovereign debt crises, to members of the executive board of the International Monetary Fund (IMF) and its senior research staff.

US fails to approve IMF reforms

Wednesday, 15 January 2014
Robin Harding
"The delay has clearly ‘broken’ the implicit contract underpinning the G20 spirit or contract whereby advanced economies would support a greater voice for emerging economies in global governance arrangements and the latter would take more responsibility as full-fledged stakeholders of the global economy,” says Domenico Lombardi, Director of CIGI's Global Economy program, commenting on a US budget package that left out funds for the IMF.

Lew Will Push EU to Avoid Race to Bottom on Finance Rules

Monday, 6 January 2014
Kasia Klimasinska and Ian Katz
“This visit is a sign that Europe is still under close monitoring by the administration as it continues to pose a systemic threat to the world economy,” says Domenico Lombardi, Director of CIGI's Global Economy Program, commenting on U.S. Treasury Secretary Jacob J. Lew's meeting with European officials.

Time for a new Bretton Woods?

Friday, 3 January 2014
From time to time, calls are made for a “new” Bretton Woods, including in the dark days of late 2008, when the global economy was thought be perched perilously on the precipice of an economic abyss. At the time, it wasn’t entirely clear to me what, exactly, was being proposed. In the event, the crisis response mobilized by the G20 in late 2008 and early 2009 succeeded in stopping the economic dégringolade and, seemingly, refuted Hegel. But, while the global economy was stabilized by 2010, for most major advanced economics, the subsequent recovery has been tepid. As Brad DeLong estimates, absent measures to restore U.S. growth to its pre-crisis rate, the potential output lost as a result of the “Great Stagnation” could well exceed that of the Great Depression.

Two Canadians among 23 recipients of $2.1M in research grants from CIGI and Institute for New Economic Thinking

Monday, 23 December 2013
Declan Kelly, Eric Weiner
Two Canadians are among 23 recipients of a total of $2.1 million in grants for research projects, announced by the Centre for International Governance Innovation (CIGI) and the Institute for New Economic Thinking (the Institute).

Inside the Issues 4.12 | Turnaround: Third World Lessons for First World Growth

Wednesday, 11 December 2013
This week podcast co-host Andrew Thompson is joined by Peter Blair Henry, Dean of the NYU Stern School of Business, who shares insights from his new book Turnaround: Third World Lessons for First World Growth. Centering on three key principles — discipline, clarity and trust — the discussion considers approaches to policy reform that support global economic growth and prosperity.
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